Hey there29 Apr 2021 16:48
Hey there - potential new investor here - I've followed the lead from Zak Mir's tips at the start of the year and noticed that the share price for BIDS has halved since it was tipped. Having been through the updates / latest figures, I like what the team seem to be doing - particularly their overall ambition of being the no.1 go to for game advertising space. One thing that is putting me off buying is the significant 'administrative expenses' - circa £7.2m in the past year, that on paper at least is under-mining the immediate profitability of the business.
I get that investment is needed at the early stages / fresh start of any business but just wanted some forum insight as to what this was spent on specifically & whether this is set to continue at this rate (which would of course mean additional cash raises down the line). Any thoughts on this front would be most welcome :)